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Bookmakers associate many with sports betting.
But this is not true. In fact, they can bet on a wide variety of events, even the most incredible ones.
Recently, financial rates have become increasingly popular. Not all people are interested in sports, but there are practically no people indifferent to finances, especially in our unstable time. The fluctuation of exchange rates makes people with bated breath follow their quotes. Financial literacy is growing, but not everyone knows that you can not only contemplate what is happening around you, but also make money from various financial events. Today we will try to figure out how to do this.
When it comes to finances, many immediately think about Forex. Some people try to make money in this financial market, but it turns out, to put it mildly, not at all. The bulk of the players simply lose all their money. Consider what bookmakers can offer us. Betting on various financial events is good because you immediately determine how much you will risk. The principle here is the same as in sports betting. You bet a certain amount on a particular outcome, and in case of guessing, you get a profit. Now we will determine what events may be.
The most common of these are:
- exchange rates (currency pairs)
- raw materials (precious metals, energy resources)
- market indices
Using the example of the US dollar / Euro currency pair, which excites the minds of many people, we will try to understand all the subtleties. Suppose, at the time of your bet, the price of one dollar is 1.1 euros. The bet is placed on a fixed time interval (10 minutes, 1 hour), after which you either make a profit or lose your invested money. If you bet that the dollar price will be above 1.1 euros and this event has occurred, then you won, if the price falls below this position, you will lose. If the course stops at around 1.1 euros, you will receive a refund of your funds.
As with sports betting, financial analysis requires deep analysis. It is necessary to monitor the dynamics in the financial markets, be aware of all the news. Money just will not be in your pocket, you will have to make a lot of effort. Right now there is an opportunity to make good money using high market volatility!
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